Asian Star Q1 PAT up by 55% to Rs 11.91cr

Asian Star, a Diamond Trading Company Sightholder(tm) and one of the leading diamantaires of the world, posted excellent profits for the first quarter of the current fiscal.

Asian Star's PAT for the 1^st quarter ended 30^th June, 2008 climbed 55 % to Rs. 11.91 crores from Rs. 7.69 crores during the corresponding quarter of the previous fiscal. Net Sales during the same period rose to Rs. 345.86 crores up from Rs. 322.05 crores in the last fiscal.

Announcing the results, Mr. Vipul Shah, CEO and Managing Director of Asian Star said, "We intend to maintain leadership and enjoy sustainable growth in the Gems and Jewellery industry by riding on our core competencies."

"The increase in profits can be attributed to entry into newer markets and intensified jewellery operations" Mr. Shah added.

The notable events of the first quarter include the launch of Asian Star's first jewellery store 'Shagun Jewels' at Somajiguda, Hyderabad. Jewel Art, a group company of Asian Star, catering to the international jewellery market, bagged the Emerging India Award under the Gems and Jewellery category from CNBC -TV 18 and ICICI Bank.

Sourced From: Concept Public Relations India Pvt. Ltd